Types of Health Insurance and Related Facts
Not all Health Insurance is created equal. There are a lot of sub standard Health Insurance plans on the market, and we have compiled a list of Health Insurance plans we would and would not buy, as well as items to watch out for when shopping for Individual Health Insurance. Various Individual Health Insurance plans exist to fit just about any Health Insurance need. Most Individual Health Insurance plans are PPO or HSA plans.
Types of Individual Health Insurance Plans:
- PPO HEALTH INSURANCE PLANS - These are the most popular Individual Health Insurance Plans on the market, plans feature a wide range of deductibles and most plans have options for office visit and / or prescription co-pays
- HSA HEALTH INSURANCE PLANS - These are more "catastrophic Health Insurance Plans" that offer great protection for the "big" stuff while you self insure yourself up to your deductible. HSA plans offer low rates and great protections.
Why Should You Purchase Individual Health Insurance?
- You can not be singled out for rate increases - You can NOT be singled out for a rate increase due to Health claims
- Cancel your Health Insurance anytime - You can cancel your Health Insurance plan anytime - no contract commitments
- 10 Day FREE Look on your new Health Insurance Policy - You will receive 10 days to review your Health Insurance policy and all materials will arrive for your review by postal mail
- No Additional Agent Fees - NO fees to use a Health Insurance agent, Same low rates no matter where you buy, our services are FREE why not take advantage of them and save on your Health Insurance rates.
Other Times Individual Health Insurance Might Save You Money And Protect Your Family:
- Self Employed and no Health Insurance
- No Health Insurance available at work
- Health Insurance at work too expensive
- Health Insurance at work too expensive for dependants
- In Between Jobs or unemployed without Health Insurance
What Type of Health Insurance Is NOT Recommended:
- Any Health Insurance Plan that is not "real Health Insurance" and is a discount plan.
- Any Health Insurance Plan that claims to cover "all pre-existing conditions."
- Any Health Insurance Plan that claims you can "use any doctor" - This means the pricing has not been pre-negotiated for you and you are likely to be over charged
- Any Health Insurance Agent that has an application fee over $10 - $30. Some "real Health Insurance carriers" do charge application fees usually of $25 - $30, and this money generally does not go to your agent.
- Any agent who tries charging $50 - $200 for an application or "association fee" is not good.
- Any Health Insurance Plan with a lifetime maximum of less than $2 million to $5 million dollars
- Any Health Insurance Plan with no prescription coverage
- Any Health Insurance Plan where the deductible is per occurrence and not per year
- Any Health Insurance Plan with a daily maximum on Hospital charges
